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20121027
20121104
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that collapsed during superstorm sandy is still hanging precariously over one of the busiest cross streets in manhattan. we'll take you live to the scene next and the massive litigation that is sure to follow because this crane collapsed as it was sitting on the roof of this building even though we anticipated this storm. >>> later, millions are still without power as we speak across the east coast. damage estimates mounting in the billions of dollars. courtney reagan is tallying it up in few minutes. >>> and how will hurricane sandy affect the elections? we're back in a moment. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550
in washington with some words of encouragement in the aftermath of superstorm sandy. we welcome you to "closing bell." mari maria, how are you doing? >> i'm doing well. i'm coming to you live from rockefeller center in new york city. the market closed once again today. it is back to business tomorrow, though, with the new york stock exchange and the nasdaq announcing plans for normal trading hours tomorrow. >> i'm bill griffeth. the superstorm did put the brakes on wall street for those two days. the death toll, unfortunately, continues to rise. millions are still without power across several states and will be for several days. but tomorrow will mark a big step toward normalcy for america an its economy as the stock market gets set to open once again. the big question now is, what happens when that opening bell rings tomorrow morning after such a long hiatus and such a disastrous storm? >> really unprecedented. we have team coverage today. scott cohn with the latest on the flooding near wall street. courtney reagan is monitoring the power outages. jackie deangelis is in a new jersey town. we k
-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as well? comparing those two coming up next. >>> and how will sandy impact clorox? the ceo will join us exclusively later on the "closing bell." stay with ugh. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy with step-by-step help when completing your personalized document -- or you can even access an attorney to guide you along. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized documen
"closing bell." stay with us. >>> cleanup costs. superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many companies whe
: right now brand new stories and breaking news this hour including superstorm sandy leaving behind a path of destruction. so many people in harm's way, surrounded by water, with no power, no phones, dwindling food. the latest on the rescue and the road to recovery. >>> only five days to go until election day as bill and martha were talking about. brand new polling what americans think about the rice right now. >>> brand new information on the deadly terror attack on the u.s. consulate in benghazi. what the administration knew weeks in advance. it is all "happening now." jon: good morning to you right now on this thursday as we get some ominous news. more than 70 people are dead now in the aftermath of one the worst storms in recent history. from the east coast really to the great lakes, americans are struggling to try to get back to normal life but the trauma and damage from superstorm sandy will linger for a long time to come. good morning i'm john scott. jenna: everything is secondary to the families that lost so much. jon: there is so much misery out there. jenna: i'm glad you're with
coming back to life, very slowly, after superstorm sandy but we see more heartbreaking scenes of destruction every day. mounting frustration as well over delayed relief. widespread power outages. huge gas lines. good morning, i'm jon scott. jenna: the storm has passed but this is not over. jon: the after math forever. jenna: hi, everybody, i'm jenna lee. "happening now" we have new information on the death toll that now stands more than 90. nearly four million homes and businesses still in the dark. across the region home after home completely destroyed. the new york city borough of staten island, one of hardest hit places of all. 19 people killed there including two little boys. we told you about them earlier this week. they were ripped from their mother's arms as they tried to escape the raging storm surge the they got stuck in an suv they got out and tried to get away and she couldn't hang onto them. homeland security secretary janet napolitano plans to tour the area later today. meantime homeowners in queens are trying to come to grips with all of this loss. >> everything
good. leave it there. come up, epic superstorm sandy put both presidential campaigns on hold, but as the storm moves on, how are the candidates handling it? that is next. dana is up next. we'll be right back. ♪ ♪ customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm hi'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. [ male announcer ] it's time for medicare open enrollment. are you ready? time to compare plans and see what's new. you don't have to make changes, but it's good to look. maybe you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ medicare open enrollment. now's the time. visit medicare.gov or call 1-800-medicare. ♪ ♪ ♪ >> dana: hurricane sandy forc both presidential candidates t
suspect in the previous groping. anita. >>> at least 41 new yorkers died in superstorm sandy. nearly half of them on staten island. hundreds of residents need food, water, gas, and they say help is not coming fast enough. we have a look at the damage. >> reporter: anita, the scenes of devastation here in staten island are really unbelievable. four days after the storm images like the one you see behind me, a telephone power pole completely uprooted out of the ground, surprisingly common. sandy's force is very visible on staten island. in the harbor boats are piled on top of each other. houses are torn from their foundations and pushed hundreds of feet away into the marsh. homes are boarded up, some with signs begging for help. >> i've been completely devastated. >> reporter: this 16-year-old came to this distribution center to get supplies for her whole family. >> we came here to get some food and water for us because we have no heat. >> reporter: she is not alone. hundreds of residents are suffering. they say the city, state, and federal government sig norring them. >> no one is really h
closed due to superstorm sandy, soho, 14th street and grand central station. in asia, we were talking about in the last hour they're not selling those things as fast as they thought. aig swinging to a third quarter profit, beating forecasts after posting a nearly $4 billion net loss a year ago. the company saw improvements across all of its insurance businesses. the ceo telling maria bartiromo it's too early to estimate the financial impact of the storm. >> the coast guard opening the port of new york and new jersey on restricted basis allowing the backlog of barges containing relief supplies and oil. kelly, this week or next week, if i can get home today i can hold out 'til next week maybe. will it be okay? >> reporter: joe i think you'll see some incremental relief but you may still find yourself in a fuel line and i think it could be a week to two before we feel real wide seed relief. you can see the port of new york and new jersey behind me, sunrise coming up in a few minutes and it should see a little bit more action this morning, based on a coast guard lifting of the ban on boat
jobs report and superstorm sandy with donald trump straight ahead. >>> and maria means business. two major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup system. well, green mountain is going to be the official producer of costco's k-cups, which do sell most likely for a lot less than some of the other brand numbers. they got a six-week high off that news. still having a good day, nonetheless. back to you. >> all right, bertha. thank you so much. big rally headed into the close here. about 45 minutes left. let's take a look at where we stand with a market that's up in the triple digits. volume on a light -- well, it's mediocre right now, bill. i was surprised at volume yesterday headed into the close. things definitely picked up at the end of the day. >> as you would imagine at the end
. we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to the earnings. so we're very pleased with the results, and the fact is as i've said before, the crisis is over. the company's fundamentally very strong. very strong liquidity position and capital position for the company. we're continuing to grow into the future. >> what's your expectation for the next quarter, bob? what will drive business? >> next quarter will be more of what you saw in this quarter. a continued -- we had some minor issues that were with brought up in this quarter where accounting areas were brought up from the past. i don't think those will reoccur. we're going to have to deal with the effec
reopening for trading today after superstorm sandy kept it dark for a couple days. liz: bob, how are you doing? >> good, yourself. liz: want to get that out of the way. good to see you again, liz. liz: we're well. i guess with the nasdaq, electronic trading, the question is did you really have to close down? >> well, the fact we were ready for monday is not material. the whole industry has to be ready. we work as a community. i think it was the proper decision to be taken. i think the key point is we clearly have to get that much better with respect to continue -- continuity planning. david: bob, we'll talk about this for awhile today, and it's true over the various indexes, but we had a terrific year. you guys up 20% from this time last year, and, yet, volume has been very low. a lot of retail inviers are still -- investors are still afraid of the market, from 2008, and, of course, facebook has a lot to do with it. it the facebook controversy over now? how else can you work to bring in the retail investors? >> well, i would say this, the market is wider than any one's thought. facebook
system from the west have started joining forces to create what could be a superstorm. hurricane sandy is about 400 miles south-southeast of charleston, south carolina, moving north. tropical storm watches and warnings are up from florida to north carolina. the surf is up already in south florida. landfall is expected early next week between virginia and southern new england. 64 million people are in harm's way. more than 40 have been killed in the caribbean. we have two reports tonight. first, meteorologist david bernard in miami, our cbs news hurricane consultant, and david, two questions: where and when? >> well, the latest, scott, is that sandy is a 75 mile per hour hurricane, as you mentioned, and it's slowed down its movement. let's look at this 5:00 advisory moving to the north at seven. i think that's just temporary as it looks like the hurricane will pick up the pace tonight and tomorrow and by the time we get to sunday afternoon will make its closest approach to the outer banks of north carolina. by sunday afternoon, the tides are going to start going up in the mid-atlantic a
, see how much you could save. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is absolutely gone and you walk all the way up the shoreline and you see the same thing. they do think on the north shore, believe it or not, there's more damage because of the storm surge onisland sound. i talked to bill wilkinson the town supervisor, a retired disney executive who decided to run east hampton and he said the local fishermen told him they have never in their whole lives seen as much water come in as came in yesterday, so it's a big contrast. we have a beautiful ocean, a destroyed coastline on the south shore. on the north shore they're trying to assess the water damage. the
superstorm sandy left 16 dead along the east coast. millions on the east coast left in the dark this morning. an estimated 7.8 million are believed to be without power and experts say it could be several days before it's restored. a huge fire ripped through breezy points in queens destroying 50 homes in one of the most remote neighborhoods. new york city subways remain closed after water poured into the subway systems and tunnels around manhattan. an mta spokesperson called it the worst damage to the subway system in its 108-year history. >>> the storm collapsed a construction crane in manhattan. robert frank is in new york on the scene with the latest. robert? >> reporter: there is some new information. i spoke to the fire chief who came out of the big meeting with the building developer, the engineer, the crane op rater and he said they're at the mercy of the weather. they cannot do anything including inspecting the crane until the winds up there die down to less than 35 miles an hour. let's take a look and i'll tell you the latest plan for d dismantling this crane over midtown manhattan t
back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we are positioned when the storm hit -- well, let me say my deepest sympathies for everybody out on the east coast who has to deal with this. especially, joe, ken langone who was sick in the hospital with pneumonia. >> oh, i didn't know that. >> but let's go with the stocks. we're at such critical junctures here. it's an amazing thing, when i was going through my work the last couple days, to see the convergence of 200 moving day averages. it's a mean reversion. so we are coming back to an interesting stop poin
is struggling to recover from hurricane sandy. this morning, a series of fires broke out in one hard hit shore town. at least 55 deaths are blamed on the superstorm. thousands of people are stranded forcing some to take to the care. more than 6 million utility customers are still without power today in new york city. commuters still had no subway or train service and school remained closed for a third day. but, signs of hope as the new york stock exchange reopens this morning and limited air travel resumes at jfk and newark liberty international airport. after putting his campaign on hold for the hurricane, republican mitt romney resumes a full schedule today with three stops in florida. on friday, he'll join running mate congressman paul ryan for a big rally in ohio. both campaigns are unleashing a blizzard of final week's tv ads to sway undecided voters in key swing states. yet, another shark attack in california. but unlike last week's victim, the 25-year-old surfer bitten on tuesday has survived. he's been hospitalized and is in fair condition. fellow surfers helped to rescue the man suffe
Search Results 0 to 19 of about 20 (some duplicates have been removed)